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60 Hamilton Road, Glasgow, G32 9QA

For sale: POA|42,327 Sq Ft|Showroom, Other Property Types & Opportunities

Property details

FOR SALEPOA
SIZE42,327 Sq Ft
ADDRESS60 Hamilton Road, Glasgow, G32 9QA
TYPEShowroom, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON10th September 2021

Description

Established, prominent, purpose built modern car supermarket.Located 7 miles from Glasgow city centre, which is Scotland's largest city region by population with 1,838,180 people.Let to the largest operator within the car supermarket sector, Motorpoint Limited, who have a D&B Rating of 5 A2.Built accommodation extends to approximately 37,815 sq ft (3,513.12 sq m) on a total site of about 5.64 acres (2.285 hectares).Lease expiry 29th September 2035.The current passing rent has been agreed at a stepped rent, however, on completion the rent will be 'topped up' to £350,000 per annum, the next review is due on the 28th June 2023.Seeking offers in the region of £4,865,810 which reflects a net initial yield of 6.75%, assuming purchaser's costs of 6.56%. DescriptionThe property comprises a modern purpose built car supermarket facility, originally constructed in 2002.The main building provides for a showroom and office accommodation with an interconnecting covered walkway, which leads to a substantial covered sales display area, providing space for over 150 vehicles. The main facility is constructed around a steel portal frame with a large triangular atrium window situated within the middle of the roof, directly above the reception area. The external elevations are finished with a combination of steel profile cladding and glazing to the showroom and reception areas.

Location

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Location: 60 Hamilton Road, Glasgow, G32 9QA

Carmyle (0.2 miles)

Shettleston (1.0 miles)

Mount Vernon (1.2 miles)

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